With the Kaiser HSA-Qualified $3000 Deductible HMO employees will be eligible to open a health savings account (HSA).
Brief Overview of the Health Savings Account
- 2019 Maximum Annual Contributions $3,500/individual, $7,000/family.
- Contributions will be made using pretax payroll deductions.
- Health Savings Account funds rollover from year to year; no annual “use it or lose it” rule as with Health Flexible Spending Account.
- You cannot be enrolled in both the City’s Medical Flexible Spending Account (MRA) and the Health Savings Account.
All Full and Part-time benefited employees are eligible to participate in these programs. Please Note: Employees must be enrolled in the Kaiser HSA-Qualified $3000 Deductible HMO Plan to open a Health Savings Account (HSA).
There is a $3.25 monthly administrative fee that will be deducted from the participant's account.